The Kazakh city of Almaty will host an international conference on development of Islamic finance in the Commonwealth of Independent States, Azerbaijan's news agency AzerTac reported Friday.

The conference, organized by Cbonds Information agency, will be a pioneering event featuring discussions on how to strengthen Islamic financing in the region.

Roughly 200 representatives of Kazakh financial institutions, corporations, and state agencies are expected to attend, as are representatives from Russia and other CIS countries. The conference will be held with the support of the RFCA and the Association of Financiers of Kazakhstan.